Associate General Counsel, Enforcement - Legal Division

Description:

Position Description

The Board of Governors of the Federal Reserve System (the Board), an independent agency of the federal government, serves as the nation’s central bank and conducts monetary policy; maintains the stability of the U.S. financial system; supervises and regulates a wide range of banking organizations, including systemically important financial institutions; and provides key financial services to depository institutions.

Key Responsibilities

The Associate General Counsel leads and directs the work of the attorneys and paralegals in the Enforcement section. Key responsibilities of the Enforcement section include conducting investigations, representing the Board in administrative proceedings, and taking enforcement actions on behalf of the Board against institutions supervised by the Federal Reserve and their directors, officers, and employees for violations of laws, regulations, unsafe or unsound business or financial practices, breaches of fiduciary duty and violations of final orders; and advising on institutional safety and soundness matters including supervisory appeals and applications matters.

The Associate General Counsel receives general supervision from the Deputy General Counsel for the Litigation, Enforcement and Systems Matters group and supports the General Counsel and other members of the Legal Division’s officer team in achieving Division-wide objectives. The Associate General Counsel works closely with colleagues in the Division of Supervision and Regulation, throughout the Board and the Federal Reserve System, and on an inter-agency basis on a wide variety of enforcement-related issues.

The Associate General Counsel has responsibility for:

Advising on a wide range of matters involving the enforcement of federal banking laws, rules, and regulations.

Providing policy direction and expertise in pursuing formal investigations and enforcement actions against regulated banking organizations and affiliated insiders, including imposition of cease and desist orders, removals from office, and civil money penalties, to address a range of safety and soundness, Bank Secrecy Act, and other supervisory and regulatory issues.

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